Unwritten Disclosure Clause Samples
The Unwritten Disclosure clause establishes that information relevant to the agreement, even if not formally documented in writing, must still be disclosed by the parties. In practice, this means that parties are obligated to share any material facts or knowledge they possess that could affect the agreement, regardless of whether such information has been included in written communications or documents. This clause helps ensure transparency and prevents one party from withholding important information simply because it was not formally recorded, thereby reducing the risk of misunderstandings or disputes arising from undisclosed facts.
Unwritten Disclosure. For any disclosure other than in writing, the disclosing party must:
a. identify the information as confidential at the time of disclosure; and
b. no longer than thirty days afterward, confirm in writing to each receiving party that the information is confidential.